Payment terms where one party will pay a specific number of days after a set pay period.
Example: monthly net 7 payment terms mean whatever amount is due at the end of the month will be paid 7 days after the closing of that billing period.
Payment terms where one party will pay a specific number of days after a set pay period.
Example: monthly net 7 payment terms mean whatever amount is due at the end of the month will be paid 7 days after the closing of that billing period.
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